|ACH & Johns Hopkins Medicine Announce Progress in Planned Integration|
|All Children's Health System Board Votes for Integration with Johns Hopkins Medicine
All Children's Hospital (ACH) and Johns Hopkins Medicine (JHM) are pleased to announce another step in the progression toward their planned integration. On January 27, 2011, the All Children's Health System Board voted unanimously in favor of the integration agreement. ACH and JHM will begin the necessary filings and set a closing date. The process is expected to take approximately 60 days. We will make appropriate announcements when this process is completed.
All Children's will continue delivering the expert and compassionate care that this region has come to count on. We remain totally devoted to children's care, and, as we have throughout our history, will be a leader in pediatric treatment, education, research and advocacy.
Patients and their families, the staff who work here, and the communities we serve at All Children's Hospital can be assured that we will remain steadfast in our mission to provide the highest quality pediatric care to all children.
As non-profit institutions with long histories of treatment, teaching and research benefiting their communities and beyond, All Children's and Johns Hopkins Medicine share similar missions. This is a non-cash transaction – no purchase or sale - but rather an opportunity for All Children's to join a system with a 120-year history of educating physicians and pioneering breakthroughs to benefit future generations globally.
The integration of All Children's into Johns Hopkins Medicine creates a synergy that allows both partners to continue our mission-centric work in children's healthcare. We believe it increases All Children's value as a key community asset, extending benefits near and beyond to the families of children in need of top-notch clinical care by adding the benefits that the world-class teaching and research opportunities of Johns Hopkins Medicine will bring.
All Children's Hospital will retain its name and its longstanding commitment to the children of Florida. Donations made to the Hospital's Foundation will remain for the benefit of All Children's. Leadership and day-to-day operation of the 259-bed freestanding pediatric hospital in St. Petersburg and outreach facilities in eight west Florida counties are not expected to change as a result of the integration. And our Board governance structure guarantees that local community leaders will continue to provide guidance and oversight of All Children's as majority members of the Hospital's Board of Trustees.